The sale of e-two-wheelers has grown from 700 per week to 5000 per week according to the heavy industries Ministry. This is after the remodelling of the FAME India II scheme by the Ministry in June this year.
FAME II scheme was launched with Rs 10000 crore for the incentivization of electric vehicles (EVs) with subsidies and developing EV charging infrastructure.
The remodelled scheme targets the faster adoption of EVs by lowering the costs. As of now, under the FAME II scheme, a total of 1.85 lakh electric vehicles has been incentivized.
The Ministry said, “After the remodelling of FAME II in June 2021 sale of electric two-wheelers has increased to over 5,000 per week from 700 per week before remodelling.”
In 2021, 1.4 lakh EVs including 1.19 lakh e-two wheelers, 20.42 thousand e-three-wheelers, and 580 e-four-wheelers were incentivized till 16 December 2021 worth Rs 500 crore under FAME II.
